Fitch Rates Mongolia’s State Bank ‘B’; Outlook Negative 0

(The following statement was released by the rating agency) HONG KONG, February 04 (Fitch) Fitch Ratings has assigned Mongolia-based State Bank LLC a Long-Term Issuer Default Rating (IDR) of ‘B’

Read More

Banks in Mongolia facing weaker profits this year 0

Banks in Mongolia are facing weaker profits this year as one of Asia’s fastest growing economies cools, triggering a downpour of higher borrowing costs and an increase in non-performing loans,

Read More

9% Yields With TDBM’s Very Short 10-Month Yankee Bonds, Matures September 2015 0

Summary Profits have increased eight-fold since 2009. With GDP growth for 2014 expected to be approximately 7%, Mongolia remains one of the fastest-growing economies in the world. Mongolia’s largest and

Read More

FITCH AFFIRMS MONGOLIA’S XACBANK AT ‘B’, OUTLOOK NEGATIVE 0

Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Mongolia-based XacBank LLC at ‘B’. The Outlook remains Negative. The Viability Rating (VR) was affirmed at ‘b’ and the

Read More

Fitch Affirms Mongolia’s XacBank at ‘B’, Outlook Negative 0

(The following statement was released by the rating agency) HONG KONG, December 16 (Fitch) Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Mongolia-based XacBank LLC at ‘B’.

Read More

FITCH: MONGOLIAN BANKS FACE RISING RISKS FROM SUBSIDISED MORTGAGES 0

Mongolian banks’ mortgage exposure continues to rise amid the government’s commitments to provide affordable housing to low- to medium-income households, and to contain inflation, Fitch says in its Asia-Pacific Banks:

Read More

State Bank to Issue JCB Debit Card in Mongolia 0

Tokyo and Ulan Bator, Oct 14, 2014 – (ACN Newswire) – JCB International Co, Ltd. (“JCBI”), the international operations subsidiary of JCB, and State Bank, a government-run bank in Mongolia,

Read More

Diasoft signs Trade and Development Bank of Mongolia for custody solution 0

Russia-based core banking supplier, Diasoft, is making headway with it banking software offerings in Asia. It is understood that Trade and Development Bank of Mongolia have signed for the Diasoft

Read More

International and Mongolian Partners Promote Good Governance in Mongolia s Banking Sector 0

(TendersInfo (India) Via Acquire Media NewsEdge) IFC, a member of the World Bank Group, FMO (the Netherlands Development Finance Company), the Bank of Mongolia, and the Mongolian Bankers Association are

Read More

World Bank Appoints New Country Representative For Mongolia 0

The World Bank on Thursday announced the appointment of James Anderson as its new Country Representative for Mongolia. The bank in a press release said Anderson assumed the post on

Read More